For Immediate Release
Contact: Suzanne Karrer
Gaming Revenues Distributed to Beneficiaries Increased by 39%
LAKEWOOD, Monday, August 29, 2022– At the August meeting of the Colorado Limited Gaming Control Commission (CLGCC), commissioners approved the fiscal year 2021-22 distributions from the limited and extended gaming funds totaling $148,655,614, a 39% increase over the fiscal year 2020-2021 distributions. Taxes increased by $41,523,933 or 34% over last year. The increase in funding available for distribution was positively impacted due to the implementation of Amendment 77 on May 1, 2021, which removed betting limits and introduced new games.
Beneficiaries from the original Limited Gaming Fund, including the Colorado Historical Society and the gaming towns and counties, received $101,831,682, an increase of 14% over distributions received in the prior year. Beneficiaries from the Extended Gaming Fund, including gaming cities and counties and the Colorado Community College System, received $46,823,932, an increase of 165% over the prior year.
Distributions made at the August 2022 CLGCC meeting were only from the Limited Gaming and Extended Gaming funds. The allocations to beneficiaries from the Sports Betting Cash Fund for the fiscal year 2021-22 will be distributed at the next commission meeting on September 15, 2022, in Cripple Creek, Colorado.
View the Colorado Limited and Extended Gaming Fund Fiscal Year 2022 Distribution Report and the 2022 Fiscal Year-End Financial Report on the division’s website at sbg.colorado.gov/sites/sbg/files/documents/PUBLIC%20CLGCC%208-25-2022%20materials_0.pdf.
The Colorado Department of Revenue’s Division of Gaming ensures honesty and integrity in the Colorado gaming industry.
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